E-Bike Battery Market Size

E-Bike Battery Market size was over USD 11.43 billion in 2023 and is expected to exceed USD 57.29 billion by the end of 2036, growing at over 13.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of E-bike battery is evaluated at USD 12.64 billion.

The word 'e-bike' applies to bicycles with compact and rechargeable electric motor batteries to support the cyclist's power source. The market growth is further driven by increasing urbanization, rapid economic development, increased tourist operation, and high fuel costs. Moreover, the rising demand for e-bikes as an environmentally friendly and effective transportation option is driving the market growth.